Brazil is struggling on both the humanitarian and the financial frontы. As a result, Brazilian real is weakening
Australian dollar sags on trade balance data
On Thursday, the Australian dollar sagged moderately in Asia following dismal trade figures as an apparent deal to lift the American debt ceiling until December 15 came in focus, although traders noted that Trump's willingness to cooperate with Democrats on the extension has turned to be a source of irritation for hard-line Republican leaders.
The currency pair USD/JPY went down 0.12% being worth 109.10. At the same time AUD/USD hit 0.7996, slumping 0.07%.
Australia posted its trade balance surplus for July declined abruptly to A$460 billion, versus a surplus of A$875 million observed.
Estimating the US currency’s strength versus a trade-weighted basket of six main currencies, the US dollar index went down 0.03% trading at 92.18.
Overnight, the evergreen buck revived from session minimums against a basket of key currencies because geopolitical tensions in the Korean peninsula relived, while data disclosing American services sector surge rebounded in August lifted market sentiment.
Canada will publish employment change and an unemployment rate on Friday, at 15:30 MT time.
USD/CHF and EUR/CHF rose to tactical highs. What's next?
The Australian economy has been on a steady recovery path, and now we have a very symbolic confirmation that S&P ASX 200 is about to cross 7000!
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The Reserve Bank of New Zealand will hold a meeting on Wednesday, April 14, at 05:00 MT.